The model 2022 is the most frequent model tht can be seen in Indian markets as well.
This is Gift Nifty March contract clearly respecting the model.
The sell off on Wednesday could be caought if one has a good understanding of the model and how breakers work.
Yet again we have swept the lows ( taken the SSL) and AGAIN we have the model in play.
We might see higher prices.
But...
Then again I would keep an Eye on Nifty Futures as well cz it has formed some very clean Equal lows today only to be taken out.
This is Gift Nifty March contract clearly respecting the model.
The sell off on Wednesday could be caought if one has a good understanding of the model and how breakers work.
Yet again we have swept the lows ( taken the SSL) and AGAIN we have the model in play.
We might see higher prices.
But...
Then again I would keep an Eye on Nifty Futures as well cz it has formed some very clean Equal lows today only to be taken out.